Bitcoin Gains Momentum, Setting Sights on the $100K Milestone

Bitcoin recently surged past $99,000, marking a significant rebound for the world’s largest cryptocurrency.

This upswing follows key developments that appear to have fueled renewed investor optimism.

Donald Trump’s announcement of a pro-crypto nominee for SEC chair, coupled with a dovish tone from Federal Reserve Chair Jerome Powell, contributed to the bullish momentum.

Additionally, substantial inflows into BlackRock’s Bitcoin Spot ETFs further bolstered market sentiment. Over the past 24 hours, Bitcoin’s price has climbed by almost 3.5%, with altcoins registering even greater gains.

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However, the rally also triggered a wave of liquidations across the broader cryptocurrency market.

In the last 24 hours, liquidations reached $457.12 million, with $238.64 million coming from long positions, and 218.49 million in shorts. Bitcoin, Ethereum, XRP, and Solana were among the most liquidated assets during this volatile period.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.